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TAX QUESTIONNAIRE FOR FOREIGN NATIONALS LIVING/WORKING IN U.S. PART OF THE YEAR (ALSO FOR US CITIZENS/GREEN CARD HOLDERS WHO TERMINATED THEIR US CITIZENSHIP/RESIDENCY) Kauffman Nelson LLP, CPA's Indicate
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Also known as Form 8938, it is used by US citizens and residents to report specified foreign financial assets.
US citizens, resident aliens, and certain nonresident aliens must file Form 8938 if they have specified foreign financial assets that exceed certain thresholds.
Form 8938 is filled out and submitted electronically through the IRS website or by mail along with your tax return.
The purpose of Form 8938 is to provide information to the IRS about specified foreign financial assets that taxpayers may have an interest in or control over.
Taxpayers must report the maximum value of specified foreign financial assets, as well as the account number, name of financial institution, and other relevant details.
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